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LS502U: CO-OPERATIVE CONTRACTS IN THE OIL AND GAS INDUSTRY (2018-2019)

Last modified: 22 May 2019 17:07


Course Overview

This course provides a detailed overview of the cooperative contracts utilised to govern the commercial relationship between oil and gas companies when they form consortia in order to bid for and develop oil and gas assets.  Teaching and instruction will be by a variety of methods including podcasts, core readings, discussion boards and interactive discussion.  The course will cover such topics as the purpose and key terms of Area of Mutual Interest agreements; Confidentiality Agreements; Joint Bidding Agreements; Joint Operating Agreements and Unitisation and Unit Operating Agreements.  It will provide a detailed discussion of selected issues including the significance of the legal nature of the joint venture, the problem of dissensus between the co-venturers and the legal issues arising from a default in a party’s obligations under the joint venture.  This course is available to students registering for the online LLM Oil and Gas Law programme (Dissertation or Professional Skills).

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Online Sustained Study No
Co-ordinators

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What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

This course provides a detailed overview of the cooperative contracts utilised to govern the commercial relationship between oil and gas companies when they form consortia in order to bid for and develop oil and gas assets.  Teaching and instruction will be by a variety of methods including podcasts, core readings, discussion boards and interactive discussion.  The course will cover such topics as the purpose and key terms of Area of Mutual Interest agreements; Confidentiality Agreements; Joint Bidding Agreements; Joint Operating Agreements and Unitisation and Unit Operating Agreements.  It will provide a detailed discussion of selected issues including the significance of the legal nature of the joint venture, the problem of dissensus between the co-venturers and the legal issues arising from a default in a party’s obligations under the joint venture.  This course is available to students registering for the online LLM Oil and Gas Law programme (Dissertation or Professional Skills).


Contact Teaching Time

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Teaching Breakdown

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Summative Assessments

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Formative Assessment

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Feedback

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Course Learning Outcomes

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